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Oct 29, 2013 5:00am EDT
with regulators over visa discrepancies. if true, the penalty will be the biggest immigration fine ever. they're accused of manipulate b travel documents to enable indian workers to serve long tenures in the u.s. with allegations they got travel permits as opposed to work visas. shares of the tech firm are nevertheless just up slightly in india today. >>> still to come, the head of global corporate bank for jpmorgan will join us for an exclusive interview. the next part of "worldwide exchange" continues right after this. >>> it's a bad day for banks. shares of ubs, deutsche fall as legal costs weigh on profits. >>> bp is at the top of the stoxx 600. the oil giant ceo has just told cnbc they're going to return more cash to shareholders following those forecast popping figures. >> the shareholders have been very, very patient with bp. i think it's time for us to do not only keeping progressive dividend policy and we will continue to review it. in addition, we announced today we will sell another $10 billion in assets between now and 2015 and make proceeds available for an additional share buyba
Nov 4, 2013 4:00am EST
immigration laws. more to come from the annual conference of cbi. >> speak to you in just a bit. >>> let's just recap on some of the bank numbers we've had today. hsbc profits rose 10% in the third quarter largely in line of expectations as the bank benefitted from a cost cutting exercise. it had hurt the earnings in 2012. the u.k. based bank revealed it was cooperating with an investigation that said the probe remained at an early stage. >>> here's a look at the shares. the top performer on the ftse. 2.5% on the up side over the course of the last three days, 3.5%. james ferguson is founding partner at the macro strategy partnership and joins us in the studio. james, give us your views on how the hsbc numbers looked. >> what's interesting about hsbc, it went into the crisis with the best sort of capital buffer of any of the u.k. banks and that has really proved its salvation. it's managed to generate more and less crystal lieization. it seems weird to think when we look at the u.k. banks, which bank got hit hardest. if you look at the beginning, which would get hit the hardest in terms
Search Results 0 to 1 of about 2